Ecoworld alredi heavily gear. Their gearing will go even higher if acquire did happen. Thts dangerous. Unless a share swap deal happen . Wahid and LkS is super good long-term friends, they add value to each other when coklne together, they get things done. Thts what I like.
I doubt it would materialize in short span of time for EWB + Sime Property. Sime Property going to demerge from Sime end of the year, post demerger immediately merge with EWB? It doesn't sound very feasible in my opinion.
Merging of SPSetia with Sime Property sound more realistic but it would not be in the picture in near term. SP have just swallowed I&P ( with strategic landbanks ) and need time to digest it.
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Posted by Alex Foo > 2017-10-01 11:34 | Report Abuse
how do you calculate RM3.27?